DR Congo Economic Outlook
October 19, 2021The situation in the country has deteriorated in recent weeks. A new outbreak of the Ebola virus in September, close to the epicenter of the 2018–2020 Ebola epidemic, has come on top of mismanagement of the Covid-19 crisis: Reports have emerged of disappearing money amid opaque practices—only USD 6 million of the USD 363 million granted by the IMF in 2020 has been publicly accounted for—aggravating the already dire humanitarian crisis. Meanwhile, the state of siege in the east of the country was recently extended for the eighth time amid continued Islamist insurgence and armed attacks, despite the imposition of martial law since May. In other news, the government is in talks with Angola regarding a joint offshore oil field, but difficult negotiations will delay the project. At the same time, plans to open the rainforest to commercial logging are facing backlash from environmentalists.
DR Congo Economic GrowthEconomic growth is forecast to pick up next year, amid the gradual lifting of domestic and foreign lockdowns. Upbeat commodity prices and firming mineral output should also support activity. That said, continued security issues, pandemic-related uncertainty and a slow vaccination drive cloud the outlook. FocusEconomics panelists see GDP growth at 4.5% in 2022, which is up 0.2 percentage points from last month’s forecast, and 4.8% in 2023.
DR Congo Economy Data
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5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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